Henderson multi-asset head: Recovery moving forward like a 'spluttering engine'

Decade of uncertainty after Brexit

Henderson Global Investors' head of multi-asset Paul O'Connor has said the "vigour of recovery continues to disappoint" in the UK and investors may now face a decade of uncertainty after the Brexit vote.

Speaking about economic prospects following the UK's decision to leave the EU, the manager (pictured) said the country faces a "very real risk of recession". He said monetary policy had lost its potency and the ability to resuscitate investor sentiment is fading as the recovery continues to move forward "like a spluttering engine". "Whatever happens, there will be a long period of uncertainty. It will take two years to leave the EU after Article 50 has been implemented, and only after that will negotiations on trade begin," he said. Henderson's Wagstaff: 'Acquisitions are in our DN...